Remainderman
From Wikipedia, the free encyclopedia
A remainderman is person who inherits or is entitled to inherit property upon the termination of the estate of the former owner. Usually this occurs due to the death or termination of the former owner's life estate, but this can also occur due to a specific notation in a trust passing ownership from one person to another.
For example, if the owner of property makes a grant of that property "to John for life, and then to Jane," Jane is entitled to a future interest, called a remainder, and is termed a remainderman.
The synonyms remainderer, remainderperson, and remainor are found in many legal dictionaries, but despite any political correctness, the terms Remainderwoman and Remainderperson are not used in practice: females in the position of a remainderman are also termed remaindermen.
[edit] See Also
 |
This law-related article is a stub. You can help Wikipedia by expanding it. |
 |
This real estate article is a stub. You can help Wikipedia grow by expanding it now.. |
